1,974 Shares in DoorDash, Inc. (NASDAQ:DASH) Bought by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC purchased a new stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,974 shares of the company's stock, valued at approximately $361,000.

A number of other large investors also recently bought and sold shares of the business. Norges Bank purchased a new position in DoorDash in the fourth quarter worth about $597,443,000. Capital World Investors raised its holdings in DoorDash by 26.4% in the fourth quarter. Capital World Investors now owns 12,153,265 shares of the company's stock worth $2,038,712,000 after buying an additional 2,538,160 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in DoorDash by 67.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company's stock worth $780,858,000 after buying an additional 1,869,866 shares during the last quarter. Franklin Resources Inc. raised its holdings in DoorDash by 25.0% in the fourth quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company's stock worth $796,781,000 after buying an additional 949,414 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in DoorDash by 46.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,515,861 shares of the company's stock worth $422,036,000 after buying an additional 800,322 shares during the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

DoorDash Stock Performance

Shares of DASH traded up $2.20 during mid-day trading on Friday, reaching $240.44. The stock had a trading volume of 2,842,802 shares, compared to its average volume of 4,234,659. The firm has a market cap of $101.88 billion, a price-to-earnings ratio of 312.26 and a beta of 1.70. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $248.74. The business has a fifty day moving average of $216.76 and a 200 day moving average of $196.04.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.05. The business had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.10 billion. DoorDash had a net margin of 3.02% and a return on equity of 4.39%. The company's revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.06) earnings per share. On average, research analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Ravi Inukonda sold 20,000 shares of the company's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $247.00, for a total transaction of $4,940,000.00. Following the completion of the transaction, the chief financial officer owned 245,530 shares in the company, valued at approximately $60,645,910. This represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Prabir Adarkar sold 62,267 shares of the company's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $202.67, for a total transaction of $12,619,652.89. Following the transaction, the chief operating officer owned 942,554 shares of the company's stock, valued at approximately $191,027,419.18. This represents a 6.20% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 429,031 shares of company stock valued at $94,584,086. Insiders own 5.83% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DASH. UBS Group decreased their target price on shares of DoorDash from $197.00 to $196.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Wells Fargo & Company lifted their target price on shares of DoorDash from $198.00 to $239.00 and gave the stock an "equal weight" rating in a report on Monday, July 7th. JPMorgan Chase & Co. decreased their price objective on shares of DoorDash from $205.00 to $175.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Raymond James Financial raised shares of DoorDash from an "outperform" rating to a "strong-buy" rating and boosted their price objective for the company from $215.00 to $260.00 in a report on Monday, June 23rd. Finally, Needham & Company LLC boosted their price objective on shares of DoorDash from $225.00 to $230.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $220.53.

DoorDash Profile

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.